Board of Directors

Ishrat Rauff – Group Managing Director / CEO

The founder of Adl Capital Limited, Ishrat Rauff holds an Honours degree in Civil Engineering from Imperial College of Science & Technology, London and also obtained his Associateship of the Chartered Institute of Bankers (ACIB), UK. He holds a Master’s Degree in Business Administration (MBA) from the Melbourne Business School, University of Melbourne, Australia

Ishrat counts almost 30 years in the financial industry in areas as diverse as Stock Broking, Corporate Credit, Foreign Exchange Trading, Treasury Management, Fund Management and Investment Banking. He specialises in the field of Islamic Finance, having spent the last 20 years in the industry.

Ishrat is currently the Group Managing Director / CEO of the Adl Capital Group, which also comprises Adl Equities Limited, licensed by the Securities Exchange Commission of Sri Lanka. He is also the Chairman of Ilma International School, a not-for-profit Educational Institution, and also serves on the Boards of SAIF Capital (Private) Limited and the UTO Group of Companies. Previous positions held included CEO of Amana Capital Limited, a member of the Amana Group of Companies. He also served as a Director at Vidullanka PLC, a company listed on the Colombo Stock Exchange (CSE), a post he relinquished on assuming responsibilities as the Managing Director/ CEO of Amana Securities, a Trading Member of the Colombo Stock Exchange.

Mafaz Ishaq

Mafaz currently works as a Director of Calamander Capital (a Singapore-based Private Equity firm) and sits on their local boards in Sri Lanka. Mafaz previously worked for the cement company Holcim in Switzerland, Thailand and Sri Lanka, and the industrial tyre company Solideal in Sri Lanka, France and Belgium. He has also had stints with Dunamis Capital, John Keells Holdings, the United Nations and the Sri Lanka Ports Authority. Mafaz is an active angel investor and was one of the founder-investors of the Lankan Angel Network  funding start-ups and empowering entrepreneurs.  He sits on the boards of Gourmet Lanka, Boardshorts Investments and Dunstan Surf Design (BVI),, CeyDigital  and serves as a member of the Ceylon Chamber of Commerce’s National Agenda Committee on Finance and Capital. He is a visiting lecturer to MBA students at the Post-Graduate Institute of Management (PIM) in Colombo in Business Development and Leadership, Entrepreneurship and Small Business Management as well as Managing Information.

Mafaz had his primary and secondary education in the UK, completed his Bachelors in Mechanical Engineering at the King Fahd University of Petroleum and Minerals in Saudi Arabia, and a MSc in Aerospace Engineering, University of Texas at Austin, an MSc in Information Systems from the London School of Economics and attended executive programs at IMD in Switzerland.

Shiraz Sideek

A banking professional with over 35 years of Conventional & Islamic banking exposure in Sri Lanka and the Gulf. His last position was Head of Control and Risk Monitoring at ADIB, UAE. Shiraz holds an MBA in Risk Management and is a Certified Fraud Examiner, Certified Information Security Manager, a Certified Information Systems Auditor and has also certified himself as a Lead ISO standards Auditor. He has spent over 15 years in Banking Technology related functions and 15 years’ experience in Internal Auditing in Banks, specializing in Information Systems and Banking Operations audits. He has also handled large projects for Operations Transformation, Process Re-Engineering and Automation. He is the Managing Director of MSI Management Consultants (Pvt) Ltd., a training & advisory service company specializing on servicing the banking and financial industry, focusing on South Asia and the Middle East regions and a Senior Associate Consultant of Bank T&D Consulting (UK).

Haleem Ossman

Haleem Ossman established Ossman Consultants Limited in 1990, where he is the CEO. An award winning company (Ossman Consultants has twice been presented with the Investors in People award, in 2006 & 2010), the firm offers a broad range of tax compliance and accountancy services, with main offices located in the UK and Sri Lanka. He also runs several successful businesses in London and internationally, which offer tax planning, compliance and advice, accounting, company incorporations and business consultancy. He also served as the President of Old Thomians (UK) Association in 2012 and the SLIA (UK) in 2014 and 2015, which are both UK based registered charities. Haleem Ossman is a Fellow member of the Association of Chartered Certified Accountants (FCCA) as well as an Associate member of the Chartered Institute of Taxation, United Kingdom (CIOT). The Financial Services Skilled Council (FSSC) has awarded Haleem with a Certificate in Mortgage Advice and Practice (CeMAP®). With a Diploma from the Foundation for Accountancy from the London Guildhall University in 1984, he was also awarded the Certificate for Financial Advisers (CeFA), an industry recognised qualification.

M.S.M.K. Rahman 

Mr Rahman is the founder and CEO of Xpert Governance Consultancy Pvt. Ltd., Sri Lanka and Competent IT Consultancy FZE, UAE. He possesses almost 40 years of IT experience in Sri Lanka and the Gulf and has held several senior positions, predominantly in the IT sector, in financial organizations. These include Peoples Bank, Ceylon Tobacco Company, Oman International Bank, Standard Chartered Bank, Dubai, Abu Dhabi Islamic Bank (ADIB) and Commercial Bank of Dubai. He was a Member of University of Dubai Campus IT Business Advisory Council. During his career, he has been responsible for the implementing of IT Best practices and Standards as well as setting up of IT Governance Framework, IT Quality management, IT Security Management, IT Service Management and IT Project Management. He was in charge of major core banking system replacement/integration projects in Pakistan, Lebanon, Thailand, Jordan, Bangladesh, Sri Lanka and Nepal. He has also been a guest IT Auditor in Standard Chartered Bank in Malaysia, Brunei, Zimbabwe and Miami.